Competition watchdog raises concerns over Wilhelmsen-Drew deal

Singapore

THE Competition Commission of Singapore (CCS) has raised concerns over the proposed acquisition by Wilhelmsen Maritime Services AS of Drew Marine's technical solutions, fire, safety and rescue businesses.

CCS noted that the two parties involved in the proposed deal are two of the largest players that possess extensive global networks of end-to-end distribution and ancillary services for the provision of chemicals, gases and equipment to the marine sector, and they appear to be each other's closest competitors.